PUTRAJAYA: Malaysia’s Second Finance Minister Amir Hamzah Azizan will take on the duties and functions of the Economy Minister, a month after Rafizi Ramli resigned from the position following his defeat in a party election. The Cabinet made the decision in a meeting on Wednesday (Jun 25), said its secretary Shamsul Azri Abu Bakar in
PETALING JAYA: The Finance and Health Ministries have set up a joint ministerial committee on private healthcare costs to guide and monitor initiatives aimed at reducing private healthcare costs and medical inflation. The committee will include representatives from both ministries and Bank Negara Malaysia supported by a consultative council comprising key stakeholders in the private
Malaysia’s anti-corruption agency is pushing for sweeping new powers to strike deals with suspects and recover illicit funds before they can vanish overseas – a move officials say could help plug billions of dollars lost to money laundering and organised crime. Criminal syndicates are increasingly using Malaysia to launder money, authorities warn, while the country
Asian state-owned investors (SOIs) are projected to grow their assets under management by 34 per cent over the next five years, aided by growing economies, healthier fiscal balances and bigger contributions from the continent’s relatively young population, according to Sovereign Wealth Fund Institute. These sovereign investors, which include 146 central banks, sovereign wealth funds and